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| x | ANNUAL REPORT PURSUANT TO      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL      YEAR ENDED MARCH 26, 2010. |
|---|------------------------------------------------------------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO      SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934. |
|---|-----------------------------------------------------------------------------------------------------|

| NEW      YORK                                 | 13-5549348                                                       |
|-----------------------------------------------|------------------------------------------------------------------|
| (State      or Other Jurisdiction of          | (I.R.S.      Employer Identification No.)                        |
| In      Company)                              |                                                             |
|                                          |                                                             |
| 140      58th      Street, Suite 8E           |                                                             |
| Brooklyn,      NY 11220                       | (718)      492-4448                                              |
| (Address      of Principal Executive Offices) | (Issuer’s      Telephone Number, Including      Area Code) |

| Large      accelerated filer   o        | Accelerated filer o                         |
|---------------------------------------------------|---------------------------------------------|
| Non-accelerated      filer    o    | Smaller      reporting company  x |
| (do      not check if a smaller reportingcompany) |

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IEH 

|          |                                                                                                              | Page   |
|---------------|-------------------------------------------------------------------------------------------------------------------|--------|
|          |                                                                                                              |   |
| PART      I   |                                                                                                              | 5      |
|          |                                                                                                              |   |
| ITEM      1.  | BUSINESS                                                                                                          | 5      |
| ITEM      1A. | RISK FACTORS                                                                                                      | 10     |
| ITEM      1B. | UNRESOLVED STAFF COMMENTS                                                                                         | 10     |
| ITEM      2.  | PROPERTIES                                                                                                        | 10     |
| ITEM      3.  | LEGAL PROCEEDINGS                                                                                                 | 11     |
|          |                                                                                                              |   |
| PART      II  |                                                                                                              | 12     |
|          |                                                                                                              |   |
| ITEM      5.  | MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER      MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES | 12     |
| ITEM      6.  | SELECTED FINANCIAL DATA                                                                                           | 13     |
| ITEM      7.  | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND      RESULTS OF OPERATION                         | 13     |
| ITEM      7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET      RISK                                                   | 20     |
| ITEM      8.  | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA                                                                       | 20     |
| ITEM      9.  | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND      FINANCIAL DISCLOSURE                         | 20     |
| ITEM      9A. | CONTROLS AND PROCEDURES                                                                                           | 21     |
| ITEM      9B. | OTHER INFORMATION                                                                                                 | 23     |
|          |                                                                                                              |   |
| PART      III |                                                                                                              | 24     |
|          |                                                                                                              |   |
| ITEM      10. | DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE      GOVERNANCE                                                      | 24     |
| ITEM      11. | EXECUTIVE COMPENSATION                                                                                            | 27     |
| ITEM      12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT      AND RELATED STOCKHOLDER MATTERS               | 29     |
| ITEM      13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR      INDEPENDENCE                                    | 30     |
| ITEM      14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES                                                                            | 30     |
|          |                                                                                                              |   |
| PART      IV  |                                                                                                              | 32     |
|          |                                                                                                              |   |
| ITEM      15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES                                                                        | 32     |
|          |                                                                                                              |   |
| SIGNATURES    |                                                                                                              |

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Index

IEH 

| Item      1. | Business |
|--------------|----------|

----

Index

| Item      1. | Business      (continued) |
|--------------|---------------------------|

|   | New      Product Development (continued) |
|--------|------------------------------------------|

|   | A      circular plastic line of connectors has been developed for the medical      industry. We have received production orders for various sizes. We expect      this product line to gain acceptance going  forward. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In      addition to the many standard products we manufacture, it is in the area      of custom connector design and manufacture that the Company faces its      biggest challenge. To meet this challenge, we are able to draw upon our      dedicated staff of engineers. We work with many designs and will continue      to support our customers in all their  requirements. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Commitments |
|--------|-------------|

|   | The      Company has a collective bargaining multi-employer pension plan      (“Multi-Employer Plan”) with the United Auto Workers of America, Local      259.  Contributions are made in accordance with a negotiated      labor contract and are based on the number of covered employees employed      per month.  With the passage of the Multi-Employer Pension Plan      Amendments Act of 1990 (the “1990 Act”), the Company may become subject to      liabilities in excess of contributions made under the collective      bargaining agreement.  Generally, these liabilities are      contingent upon the termination, withdrawal, or partial withdrawal from      the Multi-Employer Plan.  The Company has not taken any action      to terminate, withdraw or partially withdraw from the Multi-Employer Plan      nor does it intend to do so in the future.  Under the 1990 Act,      liabilities would be based upon the Company’s proportional share of the      Multi-Employer Plan’s unfunded vested benefits, which is currently not      available.  The amount of accumulated benefits and net assets of      such Plan also is not currently available to the Company.  The      total contributions charged to operations under such Plan were $110,789      for the year ended March 26, 2010 and $101,695 for the year ended March      27, 2009. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | On      September 15, 2008, the Company was notified by the State of New York      Workers’ Compensation Board (the “Board”) that the Trade Industry Workers’      Compensation Trust for Manufacturers (the “Trust”) had defaulted. As a      member of this self-insured group, the Company was assessed on an      estimated basis by the Board for its allocable share necessary to      discharge all liabilities of theTrust. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2002   |   | $      | 16,826  |   |
|--------|--------|--------|---------|--------|
| 2003   |   |   | 24,934  |   |
| 2004   |   |   | 31,785  |   |
| 2005   |   |   | 14,748  |   |
| 2006   |   |   | 13,069  |   |
|   |   | $      | 101,362 |   |

----

Index

| Item      1.  | Business      (continued) |
|--------------------|---------------------------|

|   | Commitments      (continued) |
|--------|------------------------------|

| 2002   |   | $      | 23,445  |   |
|--------|--------|--------|---------|--------|
| 2003   |   |   | 43,797  |   |
| 2004   |   |   | 51,381  |   |
| 2005   |   |   | 38,309  |   |
| 2006   |   |   | 46,477  |   |
| 2007   |   |   | 44,026  |   |
|   |   | $      | 247,435 |   |

|   | Marketing      and Sales |
|--------|--------------------------|

|   | The      market for connectors and interconnection devices, domestic and worldwide,      is highly fragmented as a result of the manufacture by many companies of a      multitude of different types and varieties of connectors.  For      example, connectors include: printed circuit, rectangular I/O, circular,      planar (IOC) RF coax, IC socket and fiber optic.  The Company      has been servicing a niche in the market by manufacturing HYPERTAC TM      connectors and innovative Company-designed printed circuit connectors such      as the COMTAC connectors.  Previously, the Company was one of      only three licensed manufacturers of the HYPERTAC TM design in the United      States. In the fiscal year 1996, the Company learned that the other two      licensees had merged.  Moreover, the Company, based upon advice      of counsel, determined that the HYPERTAC technology was no longer      protected by a patent, and therefore was in the public      domain.  As a result, the Company notified the licensor that it      would no longer be bound by the terms of its license agreement and the      Company ceased making license payments.  The Company has      received a brief notice from the licensor that it disputed the Company’s      interpretations and demanded return of certain equipment.  No      legal proceedings have been instituted by the licensor and the Company has      not received any further notices.  The Company does not      anticipate manufacturing other types of connectors in the immediate      future.  The Company is continuously experimenting with      innovative connection designs, which may cause it to alter its marketing      plans in the future if a market should develop for any of its current or      future innovative designs. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      1. | Business      (continued) |
|--------------|---------------------------|

|   | Marketing      and Sales (continued) |
|--------|--------------------------------------|

|   | The      Company’s products are marketed to original equipment manufacturers      directly and through distributors serving primarily the government,      military, aerospace and commercial electronics markets.  The      Company is also involved in developing new connectors for specific uses,      which result from changes in technology.  This includes the      COMTAC connectors.  The Company assists customers in the      development and design of connectors for specific customer      applications.  This service is marketed to customers who require      the development of connectors and interconnection devices specially      designed to accommodate the customers own  products. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company is primarily a manufacturer and its products are essentially basic      components of larger assemblies of finished      goods.  Approximately 96% of the Company’s net sales for the      years ended March 26, 2010 and March 27, 2009, respectively, were made      directly to manufacturers of finished products with the balance of the      Company’s products sold to distributors.  Distributors often      purchase connectors for customers who do not require large quantities of      connectors over a short period of time but rather require small allotments      of connectors over an extended period oftime. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Three      of the Company’s customers accounted for 31% of the Company’s net sales      for the year ended March 26, 2010. One of those customers accounted for      16% of the Company’s sales. Three of the Company’s customers accounted for      26% of the Company’s net sales for the year ended March 27, 2009. The      Company currently employs 15 independent sales representatives to market      its products in all regions in the United  States. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | These      independent sales representatives also promote the product lines of other      electronics manufacturers; however, they do not promote the product lines      of manufacturers which compete directly with the Company’s products. These      sales representatives accounted for approximately 94% of Company net sales      for the year ended March 26, 2010 (with the balance of Company net sales      being generated via direct customercontact). |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | International      sales accounted for less than 1% of net sales for the years ended March      26, 2010 and March 27, 2009,respectively. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | Backlog      of Orders/Capital Requirements |
|--------|---------------------------------------------|

|   | The      backlog of orders for the Company’s products amounted to approximately      $4,950,000 at March 26, 2010, as compared to $4,554,000 at March 27,      2009.  A portion of these orders are subject to cancellation or      postponement of delivery dates and, therefore, no assurance can be given      that actual sales will result from these orders. The Company does not      foresee any problems which would prevent it from fulfilling its      orders. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Competition |
|--------|-------------|

|   | The      design, development, manufacture and distribution of electrical connectors      and interconnection devices is a highly competitive field.  The      Company principally competes with companies who produce high performance      connectors in printed circuits and wireboards for high technology      application. The Company competes by adapting certain technologies to meet      specific product applications, producing connectors cost-effectively, and      through its production capabilities.  In addition, there are      many companies who offer connectors with designs similar to those utilized      by the Company and are direct competitors of the  Company. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      1. | Business      (continued) |
|--------------|---------------------------|

|   | Suppliers      of Raw Materials and ComponentParts |
|--------|----------------------------------------------------|

|   | The      Company utilizes a variety of raw materials and manufactured component      parts, which it purchases from various suppliers.  These      materials and components are available from numerous sources and the      Company does not believe that it will have a problem obtaining such      materials and parts in the future. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | However,      any delay in the Company’s ability to obtain necessary raw materials and      component parts may affect its ability to meet customer production      needs.  In anticipation of such delays, the Company carries an      inventory of raw materials and component parts to avoid shortages and to      insure continued production. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Research      & Development |
|--------|---------------------------------|

|   | The      Company provides personalized engineering services to its customers by      designing connectors for specific customer applications.  The      employment of electromechanical engineers is the anticipated cornerstone      of the Company’s future growth.  The Company maintains a testing      laboratory where its engineers experiment with new connector designs based      on changes in technology and in an attempt to create innovative, more      efficient connector designs. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company expended $0 for the years ended March 26, 2010 and March 27, 2009,      respectively, on customer sponsored research and development activities      relating to the development of new designs, techniques and the improvement      of existing designs. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Employees |
|--------|-----------|

|   | The      Company presently employs approximately 105 people, two (2) of whom are      executive officers; three (3) are engaged in management activities; three      (3) provide general and administrative services; and approximately ninety      seven (97) are employed in manufacturing and testing      activities.  The employees engaged in manufacturing and testing      activities are covered by a collective bargaining agreement with the      United Auto Workers of America, Local 259 (the “Union”), which expires on      March 31, 2012. The Company believes that it has a good relationship with      its employees and the Union. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      1. | Business      (continued) |
|--------------|---------------------------|

|   | Governmental      Regulations |
|--------|-------------------------------|

|   | The      Company is subject to federal regulations under the Occupational Safety      and Health Act (“OSHA”) and the Defense Electrical Supply Command      (“DESC”).  OSHA provides federal guidelines and specifications      to companies in order to insure the health and safety of      employees.   DESC oversees the quality and specifications      of products and components manufactured and sold to the government and the      defense industry. Although DESC continuously requires suppliers to meet      changing specifications, the Company has not encountered any significant      problems meeting such specifications and its products have, in the past,      been approved.  The Company is unaware of any changes in the      government’s regulations which are expected to materially affect the      Company’s business. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 1A. | Risk      Factors |
|----------|-------------------|

|   | We      are a “smaller reporting company” as defined by Regulation S-K and as      such, are not required to provide the information contained in this item      pursuant to Regulation S-K. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 1B. | Unresolved      Staff Comments |
|----------|--------------------------------|

|   | None. |
|--------|-------|

| Item      2. | Properties |
|--------------|------------|

|   | The      Company is obligated under its lease for its manufacturing facility      located at 140 58th      Street, Suite 8E, Brooklyn, New York 11220 through August 23, 2011, at      minimum annual rentals as follows: |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Fiscal      year ending March: |   |
|--------------------------------|--------|
|                           |   |   |   |
| 2011                           |   | $ | 168,384 |   |
| 2012                           |   |   | 70,160 |   |
|                           |   |   |   |   |
|                           |   | $ | 238,544 |   |

|   | The      Company leases approximately 20,400 feet of space, of which it estimates      6,000 square feet are used as executive, sales and administrative offices      and 14,400 square feet are used for its manufacturing and plating      operations. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      2. | Properties      (continued) |
|--------------|-----------------------------|

| Item 3. | Legal      Proceedings |
|---------|------------------------|

|   | Except      as described below, the Company is not a party to or aware of any pending      or threatened legal proceedings which, in the opinion of the Company’s      management, would result in any material adverse effect on its results of      operations or its financialcondition. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In      November 2006, three former employees of the Company filed claims with the      New York State Division of Human Rights (“SDHR”) alleging national origin      discrimination. The SDHR acts as an investigative and adjudicative agency.      With respect to its adjudicative function, the SDHR resolves complaints by      conducting public hearings before administrative law judges. The SDHR does      not litigate claims in court on behalf of claimants.  On      December 27, 2008, the SDHR issued a determination that probable cause      existed that the Company may have violated applicable law and directed      that a public hearing be held before an administrative law judge with      respect to each former employee’s claim. In June 2009, the three former      employees recognized the inherent weakness in their cases and elected to      settle their charges. On August 10, 2009, an agreement was reached between      the parties whereby a compensatory amount was subsequently paid to each      former employee in full settlement of their  complaint. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Index

IEH 

| Item      5. | Market      for Registrant's Common Equity, Related Stockholder Matters and Issuer      Purchases of Equity Securities |
|--------------|------------------------------------------------------------------------------------------------------------------------|

|   | Principal      Market |
|--------|-----------------------|

|   | The      common stock of the Company (the “common stock”) is traded in the      Over-The-Counter Market and is quoted on the National Association of      Securities Dealers Automated Quotation (“NASDAQ”) System Bulletin Board      under the symbol “IEHC.OB”).  On January 11, 1993, the Company’s      common stock was deleted from listing on the NASDAQ SmallCap Market System      because of the Company’s failure to maintain the minimum asset and      shareholders equity requirements.  On January 12, 1993, the      Company’s common stock was first quoted over the Electronic Bulletin Board      (OTCBB). |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Market      Information |
|--------|-------------------------|

|   | The      range of high and low bid prices for the Company’s common stock, for the      periods indicated as set forth below.  For the period to October      29, 1991, the Company was listed on the NASDAQ National Market      System.  On October 29, 1991, the Company’s common stock was      delisted from the NASDAQ National Market System and from October 29, 1991      to January 11, 1993, the Company’s common stock was listed on the NASDAQ      SmallCap Market System.  On January 11, 1993, the Company’s      common stock was delisted from the NASDAQ SmallCap Market System and on      January 13, 1993, the Company’s common stock was first quoted over the      Electronic Bulletin Board (OTCBB).  Set forth below is a table      indicating the high and low bid prices of the common stock during the      periods indicated. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Year                                      |   | High      Bid |   |   | Low      Bid |   |
|-------------------------------------------|--------|---------------|--------|--------|--------------|--------|
|                                      |   |          |   |   |         |   |
| Fiscal      Year ended March 26, 2010 (*) |   |          |   |   |         |   |
|                                      |   |          |   |   |         |   |
| 1st      Quarter                          |   | $             | 4.45   |   |         | $      | 3.79 |   |
| 2nd      Quarter                          |   | $             | 3.79   |   |         | $      | 3.15 |   |
| 3rd      Quarter                          |   | $             | 4.00   |   |         | $      | 2.65 |   |
| 4th      Quarter                          |   | $             | 3.75   |   |         | $      | 2.46 |   |
|                                      |   |          |   |   |         |   |   |   |
| Fiscal      Year ended March 27, 2009 (*) |   |          |   |   |         |   |   |   |
|                                      |   |          |   |   |         |   |   |   |
| 1st      Quarter                          |   | $             | 1.98   |   |         | $      | 1.65 |   |
| 2nd      Quarter                          |   | $             | 4.30   |   |         | $      | 1.92 |   |
| 3rd      Quarter                          |   | $             | 2.90   |   |         | $      | 2.20 |   |
| 4th      Quarter                          |   | $             | 2.90   |   |         | $      | 2.00 |   |

|   | The      above quotations, as reported, represent prices between dealers and do not      include retail mark-ups, mark-downs or commissions.  Such      quotations do not necessarily represent actual    transactions. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | On      July 2, 2010 (the last day on which trading occurred in the Company's      comon stock prior to the filing of this report), the high bid for the      common stock was $3.60 and the low bid was  $3.60. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      5. | Market      for Registrant's Common Equity, Related Stockholder Matters and Issuer      Purchases of Equity Securities (continued) |
|--------------|------------------------------------------------------------------------------------------------------------------------------------|

|   | Dividends |
|--------|-----------|

|   | The      Company has not paid any cash dividends on its common stock during the      last five (5) fiscal years.  At present, the Company does not      anticipate issuing any cash dividends on its common stock in the      foreseeable future by reason of its contemplated future financial      requirements and business plans.  The Company will retain      earnings, to the extent that there are any, to finance the development of      its business. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Approximated      Number of Equity Security Holders |
|--------|-----------------------------------------------------|

|   | The      number of record holders of the Company’s common stock as of July 8, 2010      was approximately 505.  Such number of record owners was      determined from the Company’s shareholder records, and does not include      the beneficial owners of the Company’s common stock whose shares are held      in the names of various security holders, dealers and clearing      agencies. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Transfer      Agent |
|--------|---------------------|

|   | The      transfer agent for our common stock is Registrar & Transfer Company      located in Cranford, NJ. |
|--------|----------------------------------------------------------------------------------------------------------------|

| Item 6. | Selected      Financial Data |
|---------|------------------------------|

|   | We      are a “smaller reporting company” as defined by Regulation S-K and as      such, are not required to provide the information contained in this item      pursuant to Regulation S-K. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item      7. | Management’s Discussion and      Analysis of Financial Condition and Results of      Operations |
|--------------|-------------------------------------------------------------------------------------------------------|

|   | Statements      contained in this report, which are not historical facts, may be      considered forward looking information with respect to plans, projections,      or future performance of the Company as defined under the Private      Securities Litigation Reform Act of 1995. These forward-looking statements      are subject to risks and uncertainties, which could cause actual results      to differ materially form those projected. The words      “anticipate,”  “believe”, “estimate”, “expect,” “objective,” and      “think” or similar expressions used herein are intended to identify      forward-looking statements. The forward-looking statements are based on      the Company’s current views and assumptions and involve risks and      uncertainties that include, among other things, the effects of the      Company’s business, actions of competitors, changes in laws and      regulations, including accounting standards, employee relations, customer      demand, prices of purchased raw material and parts, domestic economic      conditions, including housing starts and changes in consumer disposable      income, and foreign economic conditions, including currency rate      fluctuations. Some or all of the facts are beyond the Company’s      control. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      following discussion and analysis should be read in conjunction with our      audited financial statements and related footnotes included elsewhere in      this report, which provide additional information concerning the Company’s      financial activities and condition. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      financial statements have been prepared in accordance with accounting      principles generally accepted in the United States of America, which      require the Company to make estimates and assumptions that affect the      reported amounts of assets and liabilities at the date of the financial      statements, and revenues and expenses during the periods reported. Actual      results could differ from those estimates. The Company believes the      following are the critical accounting policies, which  could |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item 7. | Management’s Discussion and      Analysis of Financial Condition and Results of Operations (continued) |
|---------|--------------------------------------------------------------------------------------------------------------|

|   | have      the most significant effect on the Company's reported results and require      the most difficult, subjective or complex judgments by      management. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company reviews its long-lived assets for impairment whenever events or      circumstances indicate that the carrying amount of an asset may not be      recoverable. If the sum of the expected cash flows, undiscounted and      without interest, is less than the carrying amount of the asset, an      impairment loss is recognized as the amount by which the carrying amount      of the asset exceeds its fair value. The Company makes estimates of its      future cash flows related to assets subject to impairment      review. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Raw      materials and supplies are valued at the lower of first-in, first-out cost      or market. Finished goods and work in process are valued at the lower of      actual cost, determined on a specific identification basis, or market. The      Company estimates which materials may be obsolete and which products in      work in process or finished goods may be sold at less than cost, and      adjusts their inventory value accordingly. Future periods could include      either income or expense items if estimates change and for differences      between the estimated and actual amount realized from the sale of      inventory. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company records a liability for potential tax assessments based on its      estimate of the potential exposure. Due to the subjectivity and complex      nature of the underlying issues, actual payments or assessments may differ      from estimates. Income tax expense in future periods could be adjusted for      the difference between actual payments and the Company's recorded      liability based on its assessments and  estimates. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Revenue      Recognition: |
|--------|--------|---------------------------|

|   | Revenues      are recognized at the shipping date of the Company's products. The Company      has historically adopted the shipping terms that title merchandise passes      to the customer at the shipping point (FOB Shipping Point). At this      juncture, title has passed, the Company has recognized the sale, inventory      has been relieved, and the customer has been invoiced. The Company does      not offer any discounts, credits or other sales  incentives. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company’s policy with respect to customer returns and allowances as well      as product warranty is as follows: |
|--------|---------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company will accept a return of defective product within one year from      shipment for repair or replacement at the Company’s option. If the product      is repairable, the Company at its own cost will repair and return it to      the customer. If unrepairable, the Company will either offer an allowance      against payment or will reimburse the customer for the total cost of the      product. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Most      of the Company’s products are custom ordered by customers for a specific      use. The Company provides engineering services as part of the relationship      with its customers in developing the custom product. The Company is not      obligated to provide such engineering service to its customers. The      Company does not charge separately for these  services. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item 7. | Management’s Discussion and      Analysis of Financial Condition and Results of Operations(continued) |
|---------|-------------------------------------------------------------------------------------------------------------|

|   | · | Research      & Development: |
|--------|--------|----------------------------------|

|   | The      Company provides personalized engineering services to its customers by      designing connectors for specific customer applications.  The      employment of electromechanical engineers is the anticipated cornerstone      of the Company’s future growth.  The Company maintains a testing      laboratory where its engineers experiment with new connector designs based      on changes in technology and in an attempt to create innovative, more      efficient connector designs. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company expended $0 for the years ended March 26, 2010 and March 27, 2009,      respectively, on customer sponsored research and development activities      relating to the development of new designs, techniques and the improvement      of existing designs. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Results      of Operations |
|--------|----------------------------|

|   | The      following table sets forth for the periods indicated, percentages for      certain items reflected in the financial data as such items bear to the      revenues of the Company: |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Relationship      to Total Revenues          |   |
|----------------------------------------------|--------|
|                                         |   |
|                                         |   | March      26, |   |   | March      27, |   |
|                                         |   | 2010 |   |   | 2009 |   |
|                                         |   |   |   |   |   |   |
| Operating      revenues (in thousands)       |   | $ | 12,142 |   |   | $ | 10,718 |   |
|                                         |   |   |   |   |   |   |   |   |
| Operating      expenses:                     |   |   |   |   |   |   |   |   |
| (as      a percentage of operating revenues) |   |   |   |   |   |   |   |   |
|                                         |   |   |   |   |   |   |   |   |
| Costs      of products sold                  |   |   | 67.4 | % |   |   | 69.3 | % |
| Selling,      general and administrative     |   |   | 14.8 | % |   |   | 15.3 | % |
| Interest      expense                        |   |   | .3 | % |   |   | .6 | % |
| Depreciation      and amortization           |   |   | 1.3 | % |   |   | 1.6 | % |
|                                         |   |   |   |   |   |   |   |   |
| TOTAL      COSTS AND EXPENSES                |   |   | 83.8 | % |   |   | 86.8 | % |
|                                         |   |   |   |   |   |   |   |   |
| Operating      income                        |   |   | 16.2 | % |   |   | 13.2 | % |
|                                         |   |   |   |   |   |   |   |   |
| Other      income                            |   |   | - |   |   |   | - |   |
|                                         |   |   |   |   |   |   |   |   |
| Income      before income taxes              |   |   | 16.2 | % |   |   | 13.2 | % |
|                                         |   |   |   |   |   |   |   |   |
| Income      taxes                            |   |   | (7.4 | %) |   |   | (6.0 | %) |
|                                         |   |   |   |   |   |   |   |   |
| Net      income                              |   |   | 8.8 | % |   |   | 7.2 | % |

----

Index

| Item      7. | Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (continued) |
|--------------|-------------------------------------------------------------------------------------------------------------------|

|   | Year      End Results: March 26, 2010 vs. March 27,2009 |
|--------|---------------------------------------------------------|

|   | Net      sales for the year ended March 26, 2010 amounted to $12,141,941 reflecting      a 13.3% increase versus the year ended March 27, 2009 net sales of      $10,717,543. The increase in net sales is a direct result of an increase      in defense and commercial sales. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company is primarily a manufacturer and its products are essentially basic      components of larger assemblies of finished goods. Approximately 96% of      the Company’s net sales for the fiscal years ended March 26, 2010 and      March 27, 2009, respectively, were made directly to manufacturers of      finished products with the balance of the Company’s products sold to      distributors. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Distributors      often purchase connectors for customers who do not require large      quantities of connectors over a short period of time but rather require      small allotments of connectors over an extended period of      time. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | For      the fiscal year ended March 26, 2010, three of the Company’s customers      accounted for approximately 31% of net sales. Of these, one customer      accounted for approximately 16% of netsales. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company currently employs 15 independent sales representatives to market      its products in all regions of the United States. These sales      representatives accounted for approximately 94% of the Company’s net      sales, with the balance of net sales being generated by direct customer      contact. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | For      the fiscal year ended March 26, 2010, the Company’s principal customers      included manufacturers of commercial electronic products, military defense      contractors and distributors who service these markets. Sales to the      commercial electronic and government markets comprised 30% and 69%,      respectively, of the Company’s net sales for the years ended March 26,      2010 and March 27, 2009 respectively. Approximately 1% of net sales were      made to international customers. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Cost      of products sold amounted to $8,181,564 for the fiscal year ended March      26, 2010, or 67.4% of operating revenues.  This reflected a      $755,793 or 10.2% increase in the cost of products sold of $7,425,771 or      69.3% of operating revenues for the fiscal year ended March 27,      2009.  This increase is due primarily to the increased cost of      production associated with the increase in defense and commercial sales.      Additionally, a workers compensation assessment of $146,073 was recorded      during the current fiscal year. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Selling,      general and administrative expenses were $1,796,652 and $1,643,083 or      14.8% and 15.3% of net sales for the fiscal years ended March 26, 2010 and      March 27, 2009, respectively.  This category of expense      increased by $153,569 or 9.4% from the prior year. The increase can be      attributed to an increase in salaries, commissions and    travel. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Interest      expense was $41,510 for the fiscal year ended March 26, 2010 or .3% of net      sales.  For the fiscal year ended March 27, 2009, interest      expense was $66,681 or .6% of net sales.  The decrease of      $25,171 or 37.7% reflects the reduction in interest bearing debt by the      Company. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      7. | Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (continued) |
|--------------|-------------------------------------------------------------------------------------------------------------------|

|   | Results      of Operations (continued) |
|--------|----------------------------------------|

|   | Year      End Results: March 26, 2010 vs. March 27, 2009      (continued) |
|--------|---------------------------------------------------------------------------|

|   | Depreciation      and amortization of $156,883 or 1.3% of net sales was reported for the      fiscal year ended March 26, 2010.  This reflects a decrease of      $15,775 or 9.2% from the prior year ended March 27, 2009 of $172,658 or      1.6% of net sales.  The decrease is due primarily to capital      assets being fully depreciated over the current fiscal    year. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company reported net income of $1,069,437 for the year ended March 26,      2010 representing basic earnings of $.46 per share as compared to net      income of $768,003 or $.33 per share for the year ended March 27,      2009.  The increase in net income for the current year can be      attributed primarily to the reported increase in defense and commercial      sales. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Liquidity      and Capital Resources |
|--------|--------------------------------------|

|   | The      Company reported working capital of $3,878,431 as of March 26, 2010      compared to a working capital of $2,715,072 as of March 27, 2009. The      increase in working capital of $1,163,359 was attributable to the      following items: |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Net      income                    |   | $      | 1,069,437 |   |
|------------------------------------|--------|--------|-----------|--------|
| Depreciation      and amortization |   |   | 156,883   |   |
| Capital      expenditures          |   |   | (168,696  | )      |
| Other      transactions            |   |   | 105,735   |   |
|                               |   | $      | 1,163,359 |   |

|   | As      a result of the above, the current ratio (current assets to current      liabilities) was 5.46 to 1 at March 26, 2010 as compared to 2.74 to 1 at      March 27, 2009.  Current liabilities at March 26, 2010 were      $869,495 compared to $1,558,972 at March 27,  2009. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company reported $168,696 in capital expenditures for the year ended March      26, 2010 and recorded depreciation expense of $156,883 for the year ended      March 26, 2010. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      net income of $1,069,437 for the year ended March 26, 2010 resulted in an      increase in stockholders’ equity to $4,925,325 as compared to      stockholders’ equity of $3,855,888 at March 27,  2009. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company has an accounts receivable financing agreement with a non-bank      lending institution (“Factor”) whereby it can borrow up to 80 percent of      its eligible receivables (as defined in such financing agreement) at an      interest rate of 2 1⁄2% above JP Morgan Chase’s publicly announced rate with      a minimum interest rate of 12% perannum. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      7. | Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (continued) |
|--------------|-------------------------------------------------------------------------------------------------------------------|

|   | In      the past two fiscal years, management has been reviewing its collection      practices and policies for outstanding receivables and has revised its      collection procedures to a more aggressive collection policy. As a      consequence of this new policy the Company’s experience is that its      customers have been remitting payments on a more consistent and timely      basis. The Company reviews the collectability of all accounts receivable      on a monthly basis. The reserve is less than 2% of average gross accounts      receivable and is considered to be conservatively  adequate. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company has a collective bargaining multi-employer plan (“Multi-Employer      Plan”) with the United Auto Workers of America, Local 259. Contributions      are made in accordance with a negotiated labor contract and are based on      the number of covered employees employed per  month. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | With      the passage of the 1990 Act the Company may become subject to liabilities      in excess of contributions made under the collective bargaining agreement.      Generally, these liabilities are contingent upon the termination,      withdrawal, or partial withdrawal from the Multi-Employer Plan. The      Company has not taken any action to terminate, withdraw or partially      withdraw from the Multi-Employer Plan nor does it intend to do so in the      future. Under the 1990 Act, liabilities would be based upon the Company’s      proportional share of such Plan’s unfunded vested benefits, which is      currently not available. The amount of accumulated benefits and net assets      of such Plan also is not currently available to the Company. The total      contributions charged to operations under such Plan were $110,789 for the      year ended March 26, 2010 and $101,695 for the year ended March 27,      2009. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | On      September 15, 2008, the Company was notified by the State of New York      Workers’ Compensation Board (the “Board”) that the Trade Industry Workers’      Compensation Trust for Manufacturers (the “Trust”) had defaulted. As a      member of this self-insured group, the Company was assessed on an      estimated basis by the Board for its allocable share necessary to      discharge all liabilities of theTrust. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      assessed amount for the years 2002 through 2006 was $101,362. The assessed      amount for each year is detailed asfollows: |
|--------|--------------------------------------------------------------------------------------------------------------------------------------|

| 2002   |   | $      | 16,826  |   |
|--------|--------|--------|---------|--------|
| 2003   |   |   | 24,934  |   |
| 2004   |   |   | 31,785  |   |
| 2005   |   |   | 14,748  |   |
| 2006   |   |   | 13,069  |   |
|   |   | $      | 101,362 |   |

----

Index

| Item      7. | Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (continued) |
|--------------|-------------------------------------------------------------------------------------------------------------------|

|   | Liquidity      and Capital Resources (continued) |
|--------|--------------------------------------------------|

| 2002   |   | $      | 23,445  |   |
|--------|--------|--------|---------|--------|
| 2003   |   |   | 43,797  |   |
| 2004   |   |   | 51,381  |   |
| 2005   |   |   | 38,309  |   |
| 2006   |   |   | 46,477  |   |
| 2007   |   |   | 44,026  |   |
|   |   | $      | 247,435 |   |

|   | Options      granted to employees under the Employee Option Plan may be designated as      options which qualify for incentive stock option treatment under Section      422A of the Internal Revenue Code, or option which do not so qualify.      Under this Plan, the exercise price of an option designated as an      incentive stock option shall not be less than the fair market value of the      Company’s common stock on the day such option is  granted. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      7. | Management’s      Discussion and Analysis of Financial Condition and Results of Operations      (continued) |
|--------------|-------------------------------------------------------------------------------------------------------------------|

|   | Liquidity      and Capital Resources (continued) |
|--------|--------------------------------------------------|

|   | The      Company does not view the effects of inflation to have a material effect      upon its business.  Increases in costs of raw materials and      labor costs have been offset by increases in the price of the Company’s      products, as well as reductions in costs of production, reflecting      management’s efforts in this area.  While the Company has in the      past increased its prices to customers, it has maintained its relatively      competitive price position.  However, significant decreases in      government and military subcontractor spending has provided excess      production capacity in the industry, which in turn has tightened pricing      margins. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Off      Balance Sheet Arrangements |
|--------|-------------------------------------|

|   | The      Company does not have any off balance sheet arrangements within the      meaning of Item 303 of RegulationS-B. |
|--------|-------------------------------------------------------------------------------------------------------------------------|

| Item 7A. | Quantitative      and Qualitative Disclosure About MarketRisk |
|----------|---------------------------------------------------------------|

|   | We      are a “smaller reporting company” as defined by Regulation S-K and as      such, are not required to provide the information contained in this item      pursuant to Regulation S-K. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 8. | Financial      Statements and Supplementary Data |
|---------|--------------------------------------------------|

|   | See      attached Financial Statements and Supplementary      Data appearing on pages 33 to52. |
|--------|---------------------------------------------------------------------------------------------------------------|

| Item 9. | Changes      In and Disagreements With Accountants on Accounting and Financial      Disclosure |
|---------|------------------------------------------------------------------------------------------------|

----

Index

| Item 9A. | Controls      and Procedures |
|----------|------------------------------|

|   | Evaluations      of Disclosure Controls andProcedures |
|--------|-------------------------------------------------------|

|   | As      of the end of the period covered by this report, we carried out an      evaluation, under the supervision and with the participation of our      management, including our Chief Executive Officer and Chief Financial      Officer, of the effectiveness of our disclosure controls and procedures      (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). In designing      and evaluating the disclosure controls and procedures, management      recognized that any controls and procedures, no matter how well designed      and operated, can provide only reasonable assurance of achieving the      desired control objectives, and management is required to apply its      judgment in evaluating the cost-benefit relationship of possible controls      and procedures. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Based      upon that evaluation, our Chief Executive Officer and our Chief Financial      Officer have concluded that our disclosure controls and procedures were      effective at the reasonable level as of the end of the year to ensure that      information we are required to disclose in the reports that we file and      submit under the Exchange Act is (i) recorded, processed, summarized and      reported within the time periods specified in the SEC’s rules and forms,      and (ii) accumulated and communicated to our management, including our      principal executive officer and principal financial officer, as      appropriate, to allow timely discussions regarding    disclosure. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      9A. | Controls      and Procedures (continued) |
|---------------|------------------------------------------|

|   | Management,      including our Chief Executive Officer and Chief Financial Officer,      conducted an evaluation of the effectiveness of our internal control over      financial reporting as of March 26, 2010. In making this evaluation,      management used the framework in Internal Control—Integrated Framework      issued by the Committee of Sponsoring Organizations of the Treadway      Commission (COSO). Based on our evaluation under the framework in Internal      Control—Integrated Framework, our management has concluded that our      internal control over financial reporting was effective as of March 26,      2010. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | This      report does not include an attestation report of our independent      registered public accounting firm regarding our internal control over      financial reporting. Management’s report was not subject to attestation by      our registered public accounting firm pursuant to temporary rules of the      SEC that permit us to provide only management’s report in this annual      report. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Because      of its inherent limitations, internal control over financial reporting may      not prevent or detect misstatements. Also, projections of any evaluation      of effectiveness to future periods are subject to the risk that controls      may become inadequate because of changes in conditions, or that the degree      of compliance with the policies or procedures may    deteriorate. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Changes      in Internal Control over FinancialReporting |
|--------|----------------------------------------------------------|

|   | There      was no change in our system of internal control over financial reporting      (as defined in Rule 13a-15(f) under the      Exchange Act) during our fiscal year ended March 26, 2010 that has      materially affected, or is reasonably likely to materially affect, our      internal control over financialreporting. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      9A. | Controls      and Procedures (continued) |
|---------------|------------------------------------------|

|   | Other      Information Related to InternalControls |
|--------|----------------------------------------------------|

|   | Additionally,      in response to the passage of the Sarbanes-Oxley Act of 2002, our Board of      Directors and management have adopted a Code of Ethics and have instituted      a periodic review by members of our management team to assist and guide      the disclosure process. The Board has also determined to periodically      review and develop policies and procedures to enhance our disclosure      controls and procedures as well as with reviewing our periodic reports and      other public disclosures. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 9B. | Other      Information |
|----------|------------------------|

|   | None. |
|--------|-------|

----

Index

IEH 

| Item      10. | Directors,      Executive Officers and CorporateGovernance |
|---------------|------------------------------------------------------------|

| Name                   |   | Age    |   | Office                                                                              |
|------------------------|--------|--------|--------|-------------------------------------------------------------------------------------|
|                   |   |   |   |                                                                                |
| Michael      Offerman  |   | 69     |   | Chairman      of the Board of Directors, President and Chief Executive      Officer |
|                   |   |   |   |                                                                                |
| Robert      Knoth      |   | 68     |   | Chief      Financial Officer, Controller, Secretary and Treasurer                   |
|                   |   |   |   |                                                                                |
| Murray      Sennet     |   | 87     |   | Director                                                                            |
|                   |   |   |   |                                                                                |
| Allen      Gottlieb    |   | 69     |   | Director                                                                            |
|                   |   |   |   |                                                                                |
| Gerald      E. Chafetz |   | 67     |   | Director                                                                            |

|   | IEH’s      Certificate of Incorporation provides that the directors of the Company      are to be elected in two (2) classes; each class to be elected to a      staggered two (2) year term and until their successors are duly elected      and qualified. Prior to May 26, 2009, the Board of Directors consisted of      three (3) members divided into two classes with two Class I Members      (Messrs. Offerman and Sennet) and one Class II Member (Mr. Gottlieb). On      May 26, 2009, the Board of Directors unanimously voted to increase the      number of directors from three to four directors and elected Gerald E.      Chafetz as a Class II Member.  The Class II Members of the Board      of Directors are scheduled to be elected at the Company’s 2010 Annual      Meeting.  Mr. Chafetz will serve on the Board of Directors for      the balance of the term of Class II Members or until his successor is      elected and qualified.  All officers are elected by and serve at      the discretion of the Board ofDirectors. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Michael      Offerman.  Michael Offerman has been a member of the      Board of Directors since 1973.  In May 1987, Mr. Offerman was      elected President and Chief Executive Officer of the Company and has held      that position since that date.  Prior to his becoming President,      Mr. Offerman served as Executive Vice-President of the      Company. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Robert      Knoth.  Robert Knoth joined the Company as Controller in      January 1990 and was elected Treasurer of the Company in March      1990.  Mr. Knoth was elected as Secretary of the Company in      September 1992 and Mr. Knoth has held these positions since said      dates.  From 1986 to January 1990, Mr. Knoth was employed as      controller by G&R Preuss, Inc., a company engaged in the business of      manufacturing truck bodies andaccessories. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Murray      Sennet.  Murray Sennet has been a member of the Company’s      Board of Directors since 1970.  Mr. Sennet was the Secretary and      the Treasurer of the Company at the time of his retirement in April      1986. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      10. | Directors,      Executive Officers and Corporate Governance (continued) |
|---------------|-------------------------------------------------------------------------|

----

Index

| Item      10. | Directors,      Executive Officers and Corporate Governance (continued) |
|---------------|-------------------------------------------------------------------------|

|   | Significant      Employees |
|--------|----------------------------|

|   | Joan      Prideaux joined the Company in April 1994, as Director of Sales and      Marketing.  Joan has been in the connector business over 30      years and brings this experience to IEH.  Prior to joining us,      she was employed by Automatic Connector as Director of    Sales. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Mark      Iskin is the Director of Purchasing, a position he has held since      September 2000. Prior to joining the Company, Mark worked as a materials      and purchasing specialist, in manufacturing and distribution companies. In      his last position with an industrial distributor, he was responsible for      purchasing and managing vendors for the cutting tool section of the      catalog. In addition he participated in setting up and developing the      company’s forecasting/planning software related to that department      procedures. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | David      Offerman joined IEH in September 2004 as the National Sales      Manager.  Prior to joining IEH, David worked as an account      executive and sales manager in the telecommunication      industry.  David is the son of Michael Offerman, President and      Chief Executive Officer of theCompany. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Robert      Romeo serves as Vice President of Engineering for IEH, a post he has held      since October 2005.  Robert has corporate responsibility for      engineering products and driving product enhancements to satisfy the      demanding application requirements of IEH customers.  In      addition, Robert is tasked with engineering new product developments in      the IEH connector offerings to broaden the market base of potential      customers.  These new connectors will introduce the traditional      IEH quality and value to industries that specify exceptional reliability      and performance in electrical equipment. Before joining IEH, Robert worked      for more than 20 years in positions of increasing responsibility for major      national manufacturers of electrical and electronic goods for residential,      industrial, government and OEMmarkets. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Paul      Tzetzos joined IEH in November, 2005 as a Quality Assurance      Director.  Paul has over 20 years of experience in the field of      Quality Assurance; with the last 15 years as      Director/Manager.  A degreed Engineer; with diversified      knowledge in developing, implementing, maintaining, and improving Quality      Systems, such as, ISO 9001:2008, EECS, MIL-Q-9858A, ETC.  A      certified Lead and Internal Auditor, Paul has a great deal of knowledge      concerning military and industry specifications and    standards. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      10. | Directors,      Executive Officers and Corporate Governance (continued) |
|---------------|-------------------------------------------------------------------------|

|   | Compliance      with Section 16(a) of the ExchangeAct |
|--------|-------------------------------------------------------|

|   | Section      16(a) of the Exchange Act requires the Company’s directors and officers      and persons who own, directly or indirectly, more than 10% of a registered      class of the Company’s common stock, to file with the SEC initial reports      of ownership and reports of changes in ownership of our common      stock. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Officers,      directors and greater than 10% shareholders are required to furnish the      Company with copies of all Section 16(a) reports that they      file.  Based solely on review of the copies of such reports      received by the Company, the Company believes that filing requirements      applicable to officers, directors and 10% shareholders were complied with      during the 2009 fiscal year. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Director      Independence; Meetings of Directors; Committees of the    Board |
|--------|-------------------------------------------------------------------------------|

|   | Our      Board of Directors currently consists of four individuals. Three of our      directors (other than Michael Offerman) are “independent” as defined in      the Marketplace Rules of The NASDAQ Stock Market. During the fiscal year      ended March 26, 2010, our Board of Directors held one meeting and acted by      unanimous written consent on twooccasions. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Since      the Board of Directors has historically and will in the immediate future      consist of only a small number of directors, we have not formed any Board      committees. All matters relating to audit, compensation, nominations and      corporate governance are considered and acted only by the entire Board of      Directors. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Board did not adopt any modifications to the procedures by which security      holders may recommend nominees to its Board of  Directors. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| Item      11. | Executive      Compensation |
|---------------|-----------------------------|

|   | The      following table sets forth below the summary compensation paid or accrued      by the Company during the fiscal years ended March 26, 2010 and March 27,      2009 for the Company’s Chief Executive Officer and Chief Financial      Officer: |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Name and Principal Position           |   | Year                |   | Salary |    |   | Bonus  |   |   | Other      Annual Compensation |   |   | Total  |   |
|---------------------------------------|--------|---------------------|--------|--------|---------|--------|--------|--------|--------|--------------------------------|--------|--------|--------|--------|
|                                  |   |                |   |   |    |   |   |   |   |                           |   |   |   |   |
| Michael      Offerman, Chief          |   |                |   |   |    |   |   |   |   |                           |   |   |   |   |
| Executive      Officer, President (1) |   | March      26, 2010 |   | $      | 175,538 |   |   | $      | 47,000 |                           |   | $      | 0      |   |   | $ | 222,538 |   |
|                                  |   | March      27, 2009 |   |   | 158,500 |   |   |   | 35,000 |                           |   |   | 0      |   |   |   | 193,500 |   |
|                                  |   |                |   |   |    |   |   |   |   |                           |   |   |   |   |   |   |   |   |
| Robert      Knoth, Chief Financial    |   |                |   |   |    |   |   |   |   |                           |   |   |   |   |   |   |   |   |
| Officer                               |   | March      26, 2010 |   | $      | 130,404 |   |   | $      | 34,000 |                           |   | $      | 0      |   |   | $ | 164,404 |   |
|                                  |   | March      27, 2009 |   |   | 119,601 |   |   |   | 25,000 |                           |   |   | 0      |   |   |   | 144,601 |   |

----

Index

| Item      11. | Executive      Compensation (continued) |
|---------------|-----------------------------------------|

|   | Cash      Bonus Plan |
|--------|----------------------|

|   | In      1987, the Company adopted the Cash Bonus Plan for executive      officers.  Contributions to the Cash Bonus Plan are made by the      Company only after pre-tax operating profits exceed $150,000 for a fiscal      year, and then to the extent of 10% of the excess of the greater of      $150,000 of 25% of pre-tax operating profits.  For the fiscal      year ended March 26, 2010 the contribution was $163,000. The contribution      for the fiscal year ended March 27, 2009 was  $121,000. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

IEH 

| Item      12. | Security      Ownership of Certain Beneficial Owners and Management and Related      Stockholder Matters |
|---------------|----------------------------------------------------------------------------------------------------------|

|   | The      following table sets forth certain information as of July 8, 2010 with      respect to (i) the persons (including any "group" as that term is used in      Section 13(d)(3) of the Securities Exchange Act of 1934), known by the      Company to be the beneficial owner of more than five percent (5%) of any      class of the Company's voting securities; (ii) each Executive Officer and      Director who owns common stock in the Company; and (iii) all Executive      Officers and Directors as a group.  As of July 8, 2010, there      were 2,303,468 shares of common stock issued and      outstanding.  The figures stated below are based upon Schedule      13Ds, Schedule 13D/As, Form 3s and Form 4s filed with the SEC by the named      persons. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Title      of Class                                            |   | Name      and Address of Beneficial Owner                                                             |    | Shares      of Common Stock Beneficially Owned |    |   | Percentage      (%) of Common Stock Owned |   |
|----------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------|---------|------------------------------------------------|---------|--------|-------------------------------------------|--------|
| Officers      and Directors                                    |   |                                                                                                  |    |                                           |    |   |                                      |   |
| Common      Stock$.01      Par Value                           |   | Michael      Offermanc/o      IEH Corporation140      58th      StreetBrooklyn,      NY 11220         |    |                                           | 923,784 | (1)    |                                      |   | 40 | % |
|                                                           |   | Murray      Sennetc/o      IEH Corporation140      58th      StreetBrooklyn,      NY 11220            |    |                                           | 24,500  |   |                                      |   | 1.1 | % |
|                                                           |   | Allen      Gottliebc/o      IEH Corporation140      58th      StreetBrooklyn,      NY 11220           |    |                                           | 0       |   |                                      |   | 0 |   |
|                                                           |   | Robert      Knothc/o      IEH Corporation140      58th      StreetBrooklyn,      NY 11220             |    |                                           | 1,770   |   |                                      |   | * |   |
|                                                           |   | Gerald      E. Chafetzc/o      IEH Corporation140      58th      StreetBrooklyn,      NY 11220        |    |                                           | 0       |   |                                      |   | 0 |   |
| All      Officers & Directors as a Group(5      in number) |   |                                                                                                  | 950,054 | (1)                                            |    |   | 41                                        | %      |
|                                                           |   |                                                                                                  |    |                                           |    |   |                                      |   |   |   |
| 5%      Shareholders                                           |   |                                                                                                  |    |                                           |    |   |                                      |   |   |   |
|                                                           |   | Hummingbird      Management, LLC145      East 57th      Street, 8th      FloorNew      York, NY 10022 |    |                                           | 304,422 |   |                                      |   | 13.2 | % |

|   | (1) | 43,600      shares of common stock are jointly owned by Mr. Offerman and his wife,      Gail Offerman. |
|--------|-----|--------------------------------------------------------------------------------------------------------|

----

Index

| Item 13. | Certain      Relationships and Related Transactions, and Director      Independence |
|----------|-------------------------------------------------------------------------------------|

|   | Other than the employment terms for its executive      officers as described elsewhere in this Form 10-K, and as described below,      there have been no related transactions between the Company, officers      directors or shareholders holding in excess of 5% of its securities      within the last three years. Messrs. Sennet, Gottlieb and Chafetz are      deemed independent directors. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 14. | Principal      Accountant Fees and Services |
|----------|---------------------------------------------|

|   | The      Board of Directors of IEH has selected Jerome Rosenberg, CPA P.C. as the      independent auditor of IEH for the fiscal year ending March 26,      2010.  Shareholders are not asked to approve such selection      because such approval is not required.  The audit services      provided by Jerome Rosenberg, CPA P.C. consist of examination of financial      statements, services relative to filings with the SEC, and consultation in      regard to various accounting matters.  A member of Jerome      Rosenberg, CPA P.C. is expected to be present at the next meeting of      shareholders, will have the opportunity to make a statement if he so      desires, and will be available to respond to appropriate      questions. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Audit      Fees.  During the fiscal year ended March 26, 2010 and      March 27, 2009, IEH paid an aggregate of $40,000 and $36,600,      respectively, to Jerome Rosenberg, CPA P.C. for fees related to the audit      of its financial statements. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Audit Related Fees.      During the fiscal years ended March 26, 2010 and March 27, 2009, no      fees were paid to Jerome Rosenberg, CPA P.C. with respect to financial      systems design or implementation. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Tax Fees.  During      the fiscal years ended March 26, 2010 and March 27, 2009, the Company paid      to Jerome Rosenberg CPA P.C. the sums of $3,200 and $3,000 for tax      compliance, tax advice and tax planning  services. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | All Other      Fees.  During the fiscal year ended March 26, 2010, IEH      did not pay any other fees for services to its independent      auditor. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Board of Directors has determined that the services provided by Jerome      Rosenberg, CPA P.C. and the fees paid to it for such services during the      fiscal year ended March 26, 2010 has not compromised the independence of      Jerome Rosenberg, CPA P.C. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Board of Directors of the Company is comprised of four      persons.  Due to the limited size and scope of the Company’s      operations which are limited to one office and the level of revenue and      income, the Board of Directors has not established an Audit      Committee.  Further, as the Company’s securities are not traded      on any exchange or on Nasdaq, but solely are listed for quotations on the      Over the Counter Bulletin Board, there is no requirement that an Audit      Committee be established.  The Board, as an entirety, approves      that appointment of its independent auditor and the related work performed      by the auditor for services which are not audit related. In its      deliberations regarding approval of the independent auditor for auditing      and other services, the Board reviews the auditor’s history of      representing the Company, the fees to be paid and paid historically, the      level of performance provided by the auditor and the ability of the      Company, given its lack of profits to obtain similar services for similar      costs. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Item      14. | Principal      Accountant Fees and Services (continued) |
|---------------|---------------------------------------------------------|

|   | Consistent      with SEC policies regarding auditor independence, the Board of Directors      has responsibility for appointing, setting compensation and overseeing the      work of the independent auditor. In recognition of this responsibility,      the Board has established a policy to pre-approve all audit and      permissible non-audit services provided by the independent auditor. Prior      to engagement of the independent auditor for the next year's audit,      management advises the Board of the audit and permissible non-audit      services expected to be rendered during that year for each of the      categories of services which may provided by the independent auditor to      the Board for approval. The primary categories of services expected to be      provided by the independent auditor are as described in the fee table set      forth above. In addition, management will also provide to the Board for      its approval a fee proposal for the services proposed to be rendered by      the independent auditor. Prior to the engagement of the independent      auditor, the Board will approve both the description of audit and      permissible non-audit services proposed to be rendered by the independent      auditor and the budget for all such services. The fees are budgeted and      the Board requires the independent auditor and management to report actual      fees versus the budget periodically throughout the year by category of      service. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | During      the year, circumstances may arise when it may become necessary to engage      the independent auditor for additional services not contemplated in the      original pre-approval. In those instances, the Board requires separate      pre-approval before engaging the independent  auditor. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

IEH 

| Item      15. | Exhibits      and Financial Statement Schedules. |
|---------------|--------------------------------------------------|

|   | Exhibits      filed with Form 10-K: |
|--------|-------------------------------------|

|   | (a)(1) | Financial      Statements |
|--------|--------|---------------------------|

|   | The      financial statements referenced in Part II, Item 8 of this report appear      on pages 33 to 52. |
|--------|-----------------------------------------------------------------------------------------------------------|

|   | (a)(2) | Financial      Statement Schedule |
|--------|--------|-----------------------------------|

|   | None. |
|--------|-------|

|   | (a)(3) | Exhibits |
|--------|--------|----------|

|   | The      exhibits designated with an asterisk (*) are filed      herewith.  All other exhibits have been previously filed with      the SEC and pursuant to 17 C.F.R. Section 201.24 and 240.12b-32, are      incorporated by reference to the document referenced in parentheses      following the description of such exhibit.  The exhibits      designated with a number sign (#) indicate a management contract or      compensation plan or arrangement. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1(#)  Agreement      between the Company and Michzel Offerman (filed as Exhibit 10.1 to the      Company’s Current Report on Form 8-K filed on September 4,      2009). |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2(#)  Agreement      between the Company and Robert Knoth (filed as Exhibit 10.2 to the      Company’s Current Report on Form 8-K filed on September 4,      2009). |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.1*  Certification of Chief Executive      Officer  pursuant to Section 17 CFR 240.13a-14(a) or 17 CFR      240.15d-14(a) pursuant to Section 302 of the Sarbanes-Oxley Act of      2002. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2*   Certification of Chief      Accounting Officer pursuant to Section 17 CFR 240.13a-14(a) or 17 CFR      240.15d-14(a) pursuant to Section 302 of the Sarbanes-Oxley Act of      2002. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1*   Certifications by Chief      Executive Officer and Chief Financial Officer, pursuant to 17 CFR      240.13a-14(b) or 17 CFR 240.15d-14(b) and Section 1350 of Chapter 63 of      Title 18 of the United States Code adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

|                                                                                                     | Page   |
|----------------------------------------------------------------------------------------------------------|--------|
|                                                                                                     | Number |
|                                                                                                     |   |
| Report      of Independent Registered Public Accounting Firm                                             | 34     |
|                                                                                                     |   |
| Financial      Statements:                                                                               |   |
|                                                                                                     |   |
| Balance      Sheets as of March 26, 2010 and March 27, 2009                                              | 35     |
|                                                                                                     |   |
| Statements      of Operations for the years ended March 26, 2010 and March 27,      2009                 | 37     |
|                                                                                                     |   |
| Statements      of Stockholders’ Equity for the years ended March 26, 2010 and March 27,      2009 | 38     |
|                                                                                                     |   |
| Statements      of Cash Flows for the years ended March 26, 2010 and March 27,      2009                 | 39     |
|                                                                                                     |   |
| Notes      to Financial Statements                                                                       | 41     |

----

Index

|   | /s/      Jerome Rosenberg CPA, P.C. |
|--------|-------------------------------------|
|   | Jerome      Rosenberg CPA, P.C.     |
|   | Melville,      New York             |
|   | June      10, 2010                  |

----

Index

|                                                                                                                                                                |   | March      26, |      |   | March      27, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|-----------|--------|----------------|--------|
|                                                                                                                                                                |   | 2010           |      |   | 2009           |   |
|                                                                                                                                                                |   |           |      |   |           |   |
| ASSETS                                                                                                                                                              |   |
|                                                                                                                                                                |   |           |      |   |           |   |
| CURRENT      ASSETS:                                                                                                                                                |   |           |      |   |           |   |
| Cash                                                                                                                                                                |   | $              | 320,006   |   |           | $      | 169,316 |   |
| Accounts      receivable, less allowances for doubtful accountsof      $11,562 at March 26, 2010 and March 27, 2009                                                 |   |           | 1,520,364 |   |           |   | 1,830,668 |   |
| Inventories      (Note      2)                                                                                                                                      |   |           | 2,573,196 |   |           |   | 2,248,140 |   |
| Excess      payments to accounts receivable factor (Note5)                                                                                                          |   |           | 224,040   |   |           |   | - |   |
| Prepaid      expenses and other current assets (Note3)                                                                                                              |   |           | 110,320   |   |           |   | 25,920 |   |
|                                                                                                                                                                |   |           |      |   |           |   |   |   |
| Total      Current Assets                                                                                                                                           |   |           | 4,747,926 |   |           |   | 4,274,044 |   |
|                                                                                                                                                                |   |           |      |   |           |   |   |   |
|                                                                                                                                                                |   |           |      |   |           |   |   |   |
| PROPERTY,      PLANT AND EQUIPMENT, less accumulateddepreciation      and amortization of $7,084,552 at March 26, 2010and      $6,927,669 at March 27, 2009 (Note4) |   |           | 1,195,240 |   |           |   | 1,183,427 |   |
|                                                                                                                                                                |   |           | 1,195,240 |   |           |   | 1,183,427 |   |
|                                                                                                                                                                |   |           |      |   |           |   |   |   |
| OTHER      ASSETS:                                                                                                                                                  |   |           |      |   |           |   |   |   |
| Other      assets                                                                                                                                                   |   |           | 25,019    |   |           |   | 24,968 |   |
|                                                                                                                                                                |   |           | 25,019    |   |           |   | 24,968 |   |
|                                                                                                                                                                |   |           |      |   |           |   |   |   |
| Total      Assets                                                                                                                                                   |   | $              | 5,968,185 |   |           | $      | 5,482,439 |   |

----

Index

|                                                                                                                                                  |   | March      26, |      |   | March      27, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|-----------|--------|----------------|--------|
|                                                                                                                                                  |   | 2010           |      |   | 2009           |   |
|                                                                                                                                                  |   |           |      |   |           |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY                                                                                                       |   |
|                                                                                                                                                  |   |           |      |   |           |   |
| CURRENT      LIABILITIES:                                                                                                                             |   |           |      |   |           |   |
| Accounts      receivable financing (Note5)                                                                                                            |   | $              | -         |   |           | $      | 454,723 |   |
| Accrued      corporate income taxes                                                                                                                   |   |           | 8,009     |   |           |   | 257,294 |   |
| Accounts      payable                                                                                                                                 |   |           | 389,013   |   |           |   | 548,948 |   |
| Workers      compensation insurance assessments- current portion (Note8)                                                                              |   |           | 39,285    |   |           |   | 20,268 |   |
| Other      current liabilities (Note6)                                                                                                                |   |           | 432,188   |   |           |   | 277,739 |   |
|                                                                                                                                                  |   |           |      |   |           |   |   |   |
| Total      Current Liabilities                                                                                                                        |   |           | 869,495   |   |           |   | 1,558,972 |   |
|                                                                                                                                                  |   |           |      |   |           |   |   |   |
| LONG-TERM      LIABILITIES:                                                                                                                           |   |           |      |   |           |   |   |   |
| Workers      compensation insurance assessments- net ofcurrent      portion (Note      8)                                                             |   |           | 174,365   |   |           |   | 67,579 |   |
| Total      Long-Term Liabilities                                                                                                                      |   |           | 174,365   |   |           |   | 67,579 |   |
|                                                                                                                                                  |   |           |      |   |           |   |   |   |
| Total      Liabilities                                                                                                                                |   |           | 1,042,860 |   |           |   | 1,626,551 |   |
|                                                                                                                                                  |   |           |      |   |           |   |   |   |
| STOCKHOLDERS’      EQUITY:                                                                                                                      |   |           |      |   |           |   |   |   |
| Common      Stock, $.01 par value; 10,000,000 shares authorized;2,303,468      shares issued and outstanding at March 26, 2010 andMarch      27, 2009 |   |           | 23,035    |   |           |   | 23,035 |   |
| Capital      in excess of par value                                                                                                                   |   |           | 2,744,573 |   |           |   | 2,744,573 |   |
| Retained      earnings                                                                                                                                |   |           | 2,157,717 |   |           |   | 1,088,280 |   |
|                                                                                                                                                  |   |           |      |   |           |   |   |   |
| Total      Stockholders’ Equity                                                                                                                 |   |           | 4,925,325 |   |           |   | 3,855,888 |   |
|                                                                                                                                                  |   |           |      |   |           |   |   |   |
| Total      Liabilities and Stockholders’ Equity                                                                                                 |   | $              | 5,968,185 |   |           | $      | 5,482,439 |   |

----

Index

|                                                                         |   | March      26, |       |   | March      27, |   |
|------------------------------------------------------------------------------|--------|----------------|------------|--------|----------------|--------|
|                                                                         |   | 2010           |       |   | 2009           |   |
|                                                                         |   |           |       |   |           |   |
| REVENUE,      net sales (Note      13)                                       |   | $              | 12,141,941 |   |           | $      | 10,717,543 |   |
|                                                                         |   |           |       |   |           |   |   |   |
| COSTS      AND EXPENSES:                                                     |   |           |       |   |           |   |   |   |
| Cost      of products sold                                                   |   |           | 8,181,564  |   |           |   | 7,425,771 |   |
| Selling,      general and administrative                                     |   |           | 1,796,652  |   |           |   | 1,643,083 |   |
| Interest      expense                                                        |   |           | 41,510     |   |           |   | 66,681 |   |
| Depreciation      and amortization                                           |   |           | 156,883    |   |           |   | 172,658 |   |
|                                                                         |   |           | 10,176,609 |   |           |   | 9,308,193 |   |
|                                                                         |   |           |       |   |           |   |   |   |
| OPERATING      INCOME                                                        |   |           | 1,965,332  |   |           |   | 1,409,350 |   |
|                                                                         |   |           |       |   |           |   |   |   |
| OTHER      INCOME                                                            |   |           | 403        |   |           |   | 753 |   |
|                                                                         |   |           |       |   |           |   |   |   |
| INCOME      BEFORE INCOME TAXES                                              |   |           | 1,965,735  |   |           |   | 1,410,103 |   |
|                                                                         |   |           |       |   |           |   |   |   |
| PROVISION      FOR INCOME TAXES                                              |   |           | (896,298   | )      |           |   | (642,100 | ) |
|                                                                         |   |           |       |   |           |   |   |   |
| NET      INCOME                                                              |   | $              | 1,069,437  |   |           | $      | 768,003 |   |
|                                                                         |   |           |       |   |           |   |   |   |
| BASIC      AND DILUTED EARNINGS PER COMMON SHARE (Note1)                     |   | $              | .46        |   |           | $      | .33 |   |
|                                                                         |   |           |       |   |           |   |   |   |
| WEIGHTED      AVERAGE NUMBER OF COMMON SHARESOUTSTANDING      (IN THOUSANDS) |   |           | 2,303      |   |           |   | 2,303 |   |
|                                                                         |   |           |       |   |           |   |   |   |

----

Index

|                                           |   |              |      |   | Capital      in |   |         |     |   |   |      |   |
|------------------------------------------------|--------|-------------------|-----------|--------|-----------------|--------|--------------|----------|--------|--------|-----------|--------|
|                                           |   |              |      |   | Excess      of  |   |         | Retained |   |   |      |   |
|                                           |   | Common      Stock |      |   | Par      Value  |   |         | Earnings |   |   | Total     |   |
|                                           |   | Shares            |      |   | Amount          |   |         |     |   |   |      |   |   |   |   |
|                                           |   |              |      |   |            |   |         |     |   |   |      |   |   |   |   |
| Balances,      March 31, 2008                  |   |              | 2,303,468 |   |            | $      | 23,035       |     |   | $      | 2,744,573 |   |   | $ | 320,277 |   |   | $ | 3,087,885 |   |
|                                           |   |              |      |   |            |   |         |     |   |   |      |   |   |   |   |   |   |   |   |   |
| Net      income: year endedMarch      27, 2009 |   |              | -         |   |            |   | -            |     |   |   | -         |   |   |   | 768,003 |   |   |   | 768,003 |   |
|                                           |   |              |      |   |            |   |         |     |   |   |      |   |   |   |   |   |   |   |   |   |
| Balances,      March 27, 2009                  |   |              | 2,303,468 |   |            |   | 23,035       |     |   |   | 2,744,573 |   |   |   | 1,088,280 |   |   |   | 3,855,888 |   |
|                                           |   |              |      |   |            |   |         |     |   |   |      |   |   |   |   |   |   |   |   |   |
| Net      income: year endedMarch      26, 2010 |   |              | -         |   |            |   | -            |     |   |   | -         |   |   |   | 1,069,437 |   |   |   | 1,069,437 |   |
|                                           |   |              |      |   |            |   |         |     |   |   |      |   |   |   |   |   |   |   |   |   |
| Balances,      March 26, 2010                  |   |              | 2,303,468 |   |            | $      | 23,      035 |     |   | $      | 2,744,573 |   |   | $ | 2,157,717 |   |   | $ | 4,925,325 |   |

----

Index

|                                                                                             |   |           |      |
|--------------------------------------------------------------------------------------------------|--------|----------------|-----------|
|                                                                                             |   | March      26, |      |   | March      27, |   |
|                                                                                             |   | 2010           |      |   | 2009 |   |
|                                                                                             |   |           |      |   |   |   |
|                                                                                             |   |           |      |   |   |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                                       |   |           |      |   |   |   |
| Net      income                                                                                  |   | $              | 1,069,437 |   |   | $ | 768,003 |   |
|                                                                                             |   |           |      |   |   |   |   |   |
| Adjustments      to reconcile net income to net cash provided (used) byoperating      activities |   |           |      |   |   |   |   |   |
|                                                                                             |   |           |      |   |   |   |   |   |
| Depreciation      and amortization                                                               |   |           | 156,883   |   |   |   | 172,658 |   |
|                                                                                             |   |           |      |   |   |   |   |   |
| Changes      in assets and liabilities:                                                          |   |           |      |   |   |   |   |   |
| (Increase)      decrease in accounts receivable                                                  |   |           | 310,304   |   |   |   | (650,448 | ) |
| (Increase)      in excess payments to accounts receivable factor                                 |   |           | (224,040  | ) |   |   | - |   |
| (Increase)      in inventories                                                                   |   |           | (325,056  | ) |   |   | (261,773 | ) |
| (Increase)      in prepaid expenses and other current assets                                     |   |           | (84,400   | ) |   |   | (1,783 | ) |
| (Increase)      in other assets                                                                  |   |           | (51       | ) |   |   | (184 | ) |
|                                                                                             |   |           |      |   |   |   |   |   |
| (Decrease)      in accounts payable                                                              |   |           | (159,935  | ) |   |   | (35,157 | ) |
| Increase      in other current liabilities                                                       |   |           | 154,449   |   |   |   | 86,020 |   |
| Increase      (decrease) in accrued corporate income taxes                                       |   |           | (249,285  | ) |   |   | 235,191 |   |
| Increase      in workers compensation insurance assessment                                       |   |           | 125,803   |   |   |   | 87,847 |   |
|                                                                                             |   |           |      |   |   |   |   |   |
| Total      adjustments                                                                           |   |           | (295,328  | ) |   |   | (367,629 | ) |
|                                                                                             |   |           |      |   |   |   |   |   |
| NET      CASH PROVIDED BY OPERATING ACTIVITIES                                                   |   |           | 774,109   |   |   |   | 400,374 |   |
|                                                                                             |   |           |      |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                                                       |   |           |      |   |   |   |   |   |
|                                                                                             |   |           |      |   |   |   |   |   |
| Acquisition      of property, plant and equipment                                                |   |           | (168,696  | ) |   |   | (184,539 | ) |
|                                                                                             |   |           |      |   |   |   |   |   |
| NET      CASH (USED) BY INVESTING ACTIVITIES                                                     |   | $              | (168,696  | ) |   | $ | (184,539 | ) |

----

Index

|                                                    |   | March      26, |     |   | March      27, |   |
|---------------------------------------------------------|--------|----------------|----------|--------|----------------|--------|
|                                                    |   | 2010           |     |   | 2009           |   |
|                                                    |   |           |     |   |           |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:              |   |           |     |   |           |   |
| (Repayment)      from accounts receivable financing     |   | $              | (454,723 | )      |           | $      | (58,655 | ) |
| (Repayment)      of loans payable - officers            |   |           | -        |   |           |   | (17,000 | ) |
|                                                    |   |           |     |   |           |   |   |   |
| NET      CASH (USED) BY FINANCING ACTIVITIES            |   |           | (454,723 | )      |           |   | (75,655 | ) |
|                                                    |   |           |     |   |           |   |   |   |
| INCREASE      IN CASH                                   |   |           | 150,690  |   |           |   | 140,180 |   |
|                                                    |   |           |     |   |           |   |   |   |
| CASH,      beginning of period                          |   |           | 169,316  |   |           |   | 29,136 |   |
|                                                    |   |           |     |   |           |   |   |   |
| CASH,      end of period                                |   | $              | 320,006  |   |           | $      | 169,316 |   |
|                                                    |   |           |     |   |           |   |   |   |
| SUPPLEMENTAL      DISCLOSURES OF CASH FLOW INFORMATION: |   |           |     |   |           |   |   |   |
| Cash      paid during the year for:                     |   |           |     |   |           |   |   |   |
| Interest                                                |   | $              | 40,129   |   |           | $      | 62,015 |   |
|                                                    |   |           |     |   |           |   |   |   |
| Income      Taxes                                       |   | $              | 946,357  |   |           | $      | 407,209 |   |

----

Index

| Note      1 - | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES: |
|---------------|--------------------------------------------------|

|   | The      Company is engaged in the design, development, manufacture and      distribution of high performance electronic printed circuit connectors and      specialized interconnection devices.  Electronic connectors and      interconnection devices are used in providing electrical connections      between electronic component assemblies.  The Company develops      and manufactures connectors, which are designed for a variety of high      technology and high performance applications, and are primarily utilized      by those users who require highly efficient and dense (the space between      connection pins with the connector) electrical  connections. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| Note      1 - | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES (continued): |
|---------------|--------------------------------------------------------------|

| Non-interest      bearing accounts |   | $      | 68,680  |   |
|------------------------------------|--------|--------|---------|--------|
| Interest      bearing account      |   |   | 251,026 |   |
|                               |   | $      | 319,706 |   |

----

Index

| Note      1 - | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES      (continued): |
|---------------|-------------------------------------------------------------------|

----

Index

| Note      1 - | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES      (continued): |
|---------------|-------------------------------------------------------------------|

----

Index

| Note      1 - | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES      (continued): |
|---------------|-------------------------------------------------------------------|

----

Index

| Note      1 - | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES      (continued): |
|---------------|-------------------------------------------------------------------|

| Note      2 - | INVENTORIES: |
|---------------|--------------|

----

Index

| Note      2 - | INVENTORIES      (continued): |
|---------------|-------------------------------|

|                  |   | March      26, |      |   | March      27, |   |
|-----------------------|--------|----------------|-----------|--------|----------------|--------|
|                  |   | 2010           |      |   | 2009           |   |
|                  |   |           |      |   |           |   |
| Raw      materials    |   | $              | 1,112,064 |   |           | $      | 1,049,537 |   |
| Work      in progress |   |           | 653,382   |   |           |   | 533,226 |   |
| Finished      goods   |   |           | 807,750   |   |           |   | 665,377 |   |
|                  |   |           |      |   |           |   |   |   |
|                  |   | $              | 2,573,196 |   |           | $      | 2,248,140 |   |

| Note      3 - | PREPAID      EXPENSES AND OTHER CURRENT ASSETS: |
|---------------|-------------------------------------------------|

|                         |   | March      26, |    |   | March      27, |   |
|------------------------------|--------|----------------|---------|--------|----------------|--------|
|                         |   | 2010           |    |   | 2009           |   |
|                         |   |           |    |   |           |   |
| Prepaid      insurance       |   | $              | 30,657  |   |           | $      | 13,649 |   |
| Prepaid      corporate taxes |   |           | 76,248  |   |           |   | 7,681 |   |
| Other      current assets    |   |           | 3,415   |   |           |   | 4,590 |   |
|                         |   | $              | 110,320 |   |           | $      | 25,920 |   |

| Note      4 - | PROPERTY,      PLANT AND EQUIPMENT: |
|---------------|-------------------------------------|

|                                                 |   | March      26, |       |   | March      27, |   |
|------------------------------------------------------|--------|----------------|------------|--------|----------------|--------|
|                                                 |   | 2010           |       |   | 2009           |   |
|                                                 |   |           |       |   |           |   |
| Computers                                            |   | $              | 242,708    |   |           | $      | 229,676 |   |
| Leasehold      improvements                          |   |           | 588,685    |   |           |   | 585,831 |   |
| Machinery      and equipment                         |   |           | 5,091,909  |   |           |   | 4,992,114 |   |
| Tools      and dies                                  |   |           | 2,193,005  |   |           |   | 2,139,990 |   |
| Furniture      and fixture                           |   |           | 155,935    |   |           |   | 155,935 |   |
| Website      development cost                        |   |           | 7,550      |   |           |   | 7,550 |   |
|                                                 |   |           |       |   |           |   |   |   |
|                                                 |   |           | 8,279,792  |   |           |   | 8,111,096 |   |
| Less:      accumulated depreciation and amortization |   |           | (7,084,552 | )      |           |   | (6,927,669 | ) |
|                                                 |   |           |       |   |           |   |   |   |
|                                                 |   | $              | 1,195,240  |   |           | $      | 1,183,427 |   |

| Note      5 - | ACCOUNTS      RECEIVABLE FINANCING: |
|---------------|-------------------------------------|

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Index

| Note      5 - | ACCOUNTS      RECEIVABLE FINANCING (continued): |
|---------------|-------------------------------------------------|

| Note      6 - | OTHER      CURRENT LIABILITIES: |
|---------------|---------------------------------|

|                               |   | March      26 |    |   | March      27, |   |
|------------------------------------|--------|---------------|---------|--------|----------------|--------|
|                               |   | 2010          |    |   | 2009           |   |
|                               |   |          |    |   |           |   |
| Payroll      and vacation accruals |   | $             | 315,923 |   |           | $      | 242,188 |   |
| Sales      commissions             |   |          | 37,040  |   |           |   | 30,543 |   |
| Insurance                          |   |          | 73,617  |   |           |   | - |   |
| Other                              |   |          | 5,608   |   |           |   | 5,008 |   |
|                               |   | $             | 432,188 |   |           | $      | 277,739 |   |

| Note      7 - | INCOME      TAXES: |
|---------------|--------------------|

|                             |   | March      26, |    |
|----------------------------------|--------|----------------|---------|
|                             |   | 2010           |    |
| Current:                         |   |           |    |
|                             |   |           |    |
| Federal                          |   | $              | 364,000 |   |
| State      and local             |   |           | 307,541 |   |
| Total      current tax provision |   |           | 671,541 |   |
|                             |   |           |    |   |
| Deferred:                        |   |           |    |   |
|                             |   |           |    |   |
| Federal                          |   |           | 180,000 |   |
| State      and local             |   |           | 44,757  |   |
| Total      deferred tax benefit  |   |           | 224,757 |   |
|                             |   |           |    |   |
| Total      provision (benefit)   |   | $              | 896,298 |   |

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Index

| Note      7 - | INCOME      TAXES (continued): |
|---------------|--------------------------------|

| The      components of the Company’s deferred taxes at March 26, 2010 are as      follows: |   |
|--------------------------------------------------------------------------------------------------|--------|
|                                                                                             |   |   |   |
| Deferred      tax assets:                                                                        |   |   |   |
| Accounts      receivable reserves                                                                |   | $ | 11,562 |   |
| State      tax credit                                                                            |   |   | 13,693 |   |
| Accrued      expenses                                                                            |   |   | 230,822 |   |
| Prepaid      expenses                                                                            |   |   | (110,320 | ) |
|                                                                                             |   |   | 145,757 |   |
|                                                                                             |   |   |   |   |
| Deferred      tax liabilities:                                                                   |   |   |   |   |
| Depreciation                                                                                     |   |   | (24,840 | ) |
|                                                                                             |   |   |   |   |
| Net      deferred tax assets  before valuation allowance                               |   |   | 120,917 |   |
| Valuation      allowance                                                                         |   |   | (120,917 | ) |
| Net      deferred tax assets                                                                     |   | $ | 0 |   |
|                                                                                             |   |   |   |   |

|                                                                     |   | March      26, |   |
|--------------------------------------------------------------------------|--------|----------------|--------|
|                                                                     |   | 2010           |   |
|                                                                     |   |           |   |
| Income      tax expense (benefit) – statutory rate                 |   |           | 34.0   | % |
| Income      tax expenses – state and local, net of federal benefit |   |           | 12.0   | % |
|                                                                     |   |           |   |   |
| Income      tax expense (benefit)                                        |   |           | 46.0   | % |

| Note 8 - | WORKERS COMPENSATION INSURANCE      ASSESSMENT: |
|----------|-------------------------------------------------|

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Index

| Note      8 - | WORKERS      COMPENSATION INSURANCE ASSESSMENT (continued): |
|---------------|-------------------------------------------------------------|

| 2002   |   | $      | 16,826  |   |
|--------|--------|--------|---------|--------|
| 2003   |   |   | 24,934  |   |
| 2004   |   |   | 31,785  |   |
| 2005   |   |   | 14,748  |   |
| 2006   |   |   | 13,069  |   |
|   |   | $      | 101,362 |   |

| 2002   |   | $      | 23,445  |   |
|--------|--------|--------|---------|--------|
| 2003   |   |   | 43,797  |   |
| 2004   |   |   | 51,381  |   |
| 2005   |   |   | 38,309  |   |
| 2006   |   |   | 46,477  |   |
| 2007   |   |   | 44,026  |   |
|   |   | $      | 247,435 |   |

| Note 9 - | CHANGES IN STOCKHOLDERS’      EQUITY: |
|----------|---------------------------------------------|

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Index

| Note      10- | 2001      EMPLOYEE STOCK OPTION PLAN: |
|---------------|---------------------------------------|

| Note      11 - | CASH      BONUS PLAN: |
|----------------|-----------------------|

| Note      12 - | COMMITMENTS      AND CONTINGENCIES: |
|----------------|-------------------------------------|

| Fiscal      year ending March: |   |   |    |
|--------------------------------|--------|--------|---------|
|                           |   |   |    |
| 2011                           |   | $      | 168,384 |   |
| 2012                           |   |   | 70,160  |   |
|                           |   | $      | 238,544 |   |

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Index

| Note      12 - | COMMITMENTS      AND CONTINGENCIES (continued): |
|----------------|-------------------------------------------------|

|   | The      Company has a collective bargaining multi-employer pension plan      (“Multi-Employer Plan”) with the United Auto Workers of America, Local      259. Contributions are made in accordance with a negotiated labor contract      and are based on the number of covered employees employed per      month.  With the passage of the Multi-Employer Pension Plan      Amendments Act of 1990 (the “1990 Act”), the Company may become subject to      liabilities in excess of contributions made under the collective      bargaining agreement.  Generally, these liabilities are      contingent upon the termination, withdrawal, or partial withdrawal from      the Multi-Employer Plan. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In      November 2006, three former employees of the Company filed claims with the      New York State Division of Human Rights (“SDHR”) alleging national origin      discrimination The SDHR acts as an investigative and adjudicative agency.      With respect to its adjudicative function, the SDHR resolves complaints by      conducting public hearings before administrative law judges. The SDHR does      not litigate claims in court on behalf of claimants.  On      December 27, 2008, the SDHR issued a determination that probable cause      existed that the Company may have violated applicable law and directed      that a public hearing be held before an administrative law judge with      respect to each former employee’s claim. In June 2009, the three former      employees recognized the inherent weakness in their cases and elected to      settle their charges. On August 10, 2009, an agreement was reached between      the parties whereby a compensatory amount was subsequently paid to each      former employee in full settlement of their  complaint. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note      13 -  | REVENUES      FROM MAJOR CUSTOMERS: |
|----------------------|-------------------------------------|

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Index

CORPORATION

|   | IEH      CORPORATION |
|--------|----------------------|
|   |                 |   |
|   | By:                  |  /s/ Michael  Offerman |
|   |                 | Michael      Offerman |
|   |                 | President      and Chief Executive Officer |

| /s/    Michael      Offerman  |   | July      9, 2010 |
|---------------------------------------------------|--------|-------------------|
| Michael      Offerman, Chairman of the            |   |
| Board,      Chief Executive Officer and President |   |
|                                              |   |              |
| /s/  Robert Knoth                       |   | July      9, 2010 |
| Robert      Knoth, Secretary and                  |   |
| Treasurer;      Chief Financial Officer,          |   |
| Controller      and Principal Accounting Officer  |   |
|                                              |   |              |
| /s/   Murray      Sennet           |   | July      9, 2010 |
| Murray      Sennet, Director                      |   |
|                                              |   |              |
|                                              |   |              |
| /s/ Alan Gottlieb                                 |   | July      9, 2010 |
| Alan      Gottlieb, Director                      |   |
|                                              |   |              |
|                                              |   |              |
| /s/ Gerald E. Chafetz                             |   | July      9, 2010 |
| Gerald      E. Chafetz                            |   |

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